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Consulting for businesses and companies
Tax advice, management and accounting consultancy in Andorra. Legal advisory services and commercial consulting, domiciliation and management. The best tax advisors in the country
More informationTax advisor for individuals with large capital, human resources
Immigration consultants, hiring in businesses. International tax planning. Active and passive residence, residence and self-employment, employed, passive or non-profit residence, regrouping, accommodation, housing and premises
More informationAdvice for specific investments
Acquisition of real estate, cryptocurrencies, electronic and international commerce, trading, fixed and variable income, holdings, international operations. Tax treatment and optimization of complex financial operations.
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Tax advisor in Andorra
¿Buscas un asesor fiscal en Andorra? Contamos con profesionales fiscales especializados en el Principado de Andorra, y nos enfocamos en el establecimiento de personas y negocios en el país.
Si tiene una empresa y quiere optimizar la fiscalidad de la misma, en nuestro despacho encontrará el asesoramiento que necesita. De la mano de más de 35 expertos profesionales With extensive experience and specialization in different sectors and jurisdictions, you will find the best way to take advantage of your returns and grow your business. Whatever your operation, we will seek the best way to carry it out in Andorra under strict compliance with the law.
Si es una persona física individual con un gran capital, también we will put at your disposal a tax advisor. In our office we accumulate the experience of more than 15 years asesorando a particulares que poseen inversiones en distintos activos diferentes a lo largo del mundo y quieren establecerse en Andorra. Si está interesado en aprovechar la Andorran low taxation, podemos ayudarle a preservar su patrimonio con una planificación fiscal internacional.
With us immigration services we will help you get the residence that best suits you y a gestionar el personal necesario para su proyecto. Residencia activa y trabajo por cuenta propia, residencia pasiva o no lucrativa, contrataciones, residencia por reagrupamiento… Administrar los recursos humanos de una empresa es complejo, especialmente cuando se requiere personal especializado. Le ofrecemos los mejores servicios jurídicos.
Tax advice and services for companies
Opening a business in Andorra
Tax advice
Accounting agency and consulting
Legal advice
International and electronic commerce
Holdings
Domiciliation and management
Banking KYC
Opening a business in Andorra
Opening a business in Andorra
From economic opening, Andorra allows foreign investors to establish or invest in pre-existing companies in the Principality. A company can be created with the 100% of foreign capital dedicated to endless economic activities.
Form a society in this country it involves a lot of advantages, although it stands out especially in terms of taxation compared to Spain or other countries:
- 10% of general type of corporation tax
- 2% in exploitation of certain intangible assets
- 15.5% of social contributions per employee
- Lower indirect taxes in Europe (IGI, 4.5%)
- Company maintenance fees of around €1,000 per year
For creating a company in Andorra need follow some very important steps but also personalized, for which it is best to have holistic professional services in the field provided by experts. At Abast Global we will take into account your starting point to see what is the best way to transfer your assets and your operations to Andorra, taking into account the two jurisdictions and the international arena.
Create a new company It may be, depending on the case, to transfer the business from another country, open a new line or market, restructure the existing one or exercise a new business model.
Tax advice
Tax advice
In these times, where the tax burden is the highest in the history of mankind, taxes can be and in fact are a very relevant factor in business and market competitiveness.
The tax planningHowever, it should always be undertaken advised by the best experts and from prudence, in order to avoid contingencies with the tax authorities. At Abast we have the tax advisor you need for your particular project. Every case is a world, tell us your case.
Optimize the taxation of your company To obtain the maximum performance it can be crucial to improve and have an advantage over your competitors, especially in the jurisdiction of Andorra. This way you can expand and guarantee the growth of your business internationally.
According to the objectives, the starting point, the sector and countries in which it operates, the volume of business, the jurisdiction of the company and its structure, etc. the optimal fiscal strategy can change.
In our office we will search and implement the best alternative for your situation, taking advantage of all andorra tax advantages. We have the best tax specialists, with a deep knowledge of Andorran and international taxation that will provide you with the best services.
Accounting agency and consulting
Accounting agency and consulting
Your Andorran company is required to comply with all obligations arising from the laws and regulations of the Principality of Andorra. Complying with the formal accounting, tax and legal obligations is a strict duty that, in our view, must always be supervised by a professional in the sector. We offer complete management with the following services:
Accounting and financial management
- Documentation management and filing
- Accounting keeping
- Tracking and safekeeping of books
- Bank and balance reconciliation
- Year-end closing, formulation and approval of the annual accounts.
- Deposit of annual accounts in the Companies Registry
Fiscal management
- Completion of tax returns that are applicable (ISOC, IRPF, IRNR and IGI)
- Presentation to the Andorran Tax Agency of the declarations before the Department of Taxes and Borders
- Tax and accounting advice on the best way to carry out business operations
Legal advice
Legal advice
At Abast Global we provide a complete legal service for your business. Support is classified into the following legal specialties:
- Commercial law: We manage all kinds of corporate interventions (incorporations, acquisitions, capital operations, dissolutions, mergers and divisions & # 8230;) and legal review procedures: compliance Y KYC (government and bank), due diligence, commercial alliances, national and international associations. We also administer bankruptcy law, internationalization of companies and forecast of money laundering, among others.
- Tax law, tax advice relating to all tax obligations of the company, or derived from the transfer of residence of natural or legal persons. Advice oriented to the strict fulfillment of the obligations as well as the optimization of the tax burden, access to exemptions, deductions and bonuses that may be applicable.
- Labor Law, employment advice regarding the hiring of staff in Andorra, as well as the implications for retirement and the compatibility of Andorran Social Security (CASS) with other Social Security systems in neighboring countries.
- Real estate law: Urban contracts, errands real estate, real estate business structures, leases, urban audit, communities of owners, licenses and authorizations and administrative resources.
International and electronic commerce
International and electronic commerce
Like international trade companies, E-Commerce in Andorra is a magnificent opportunity if the companies are well structured, both for its tax and operational advantages and legal certainty. We can discern between fullfillment, dropshipping and commission agent model:
- Fullfillment: Andorra is very well located to serve the whole of Europe, but the goods that enter Andorra must go through Customs before going to Europe (as they are not from the EU). However, these extra costs in customs and transport management, can be compensated by the low Andorran taxation, depending on the VAT applied in the country of destination, type of product, as well as the taxation in Andorra.
- Dropshipping: Even greater are the advantages of this type of trade. By avoiding the storage of products, the own costs of storage, customs and international transport are eliminated, being the full tax advantages. It consists of billing the customer in Andorra taking and passing the order (and shipping details) to wholesaler, who then dispatches the goods directly to the end customer.
- Commission agent model: it is the simplest and the most affordable. It consists of being only an intermediary and that the supplier invoices us for the commercial management as a commission. With this triangulation, the supplier is responsible for paying the indirect taxes.
Holdings
Holdings
A holding (hold) is a partnership for own or manage all or a large part of the shares of other companies, in order to obtain total or partial control over the other companies.
In addition to the optimization of expenses, risk reduction and accounting efficiency as a characteristic of holding companies in general, a holding company in Andorra has unbeatable tax advantages:
- Dividends resulting from foreign companies that are related to a holding company, for an Andorran who participates in it, are not taxed by Individual Income Tax (Personal Income Tax).
- exempt from Corporation tax the profits that the holding companies in Andorra may receive from their association with any foreign company, under compliance with certain requirements.
If you need to establish a holding company in the country, do not hesitate to contact us to do so with the best guarantees and services and the best tax advice.
Domiciliation and management
Domiciliation and management
If your company in or business in Andorra does not have its own headquarters, Andorra Insiders can provide you with a physical address for the social, legal and commercial domiciliation of your company. Thus, we assign your company a address in Andorra as fiscal and / or commercial headquarters, with all the advantages that this implies. From your address in Andorra, we manage the reception and the procedures for correspondence and postal or electronic parcels.
The types of direct debit of companies that we offer are:
- Registered Office: It would correspond to the place where the administration and direction of your company is located, or where its main establishment or operation is located, and which is used in the deeds and in the Commercial Registry.
- Commercial Domiciliation: It would result in the physical space in which a company serves its clients and manages their requests. This is the place where he really sells his image in terms of its physical display. In Andorra it is required that the business address is exclusively for a specific company, and different companies cannot be domiciled in the same office (unless they share a shareholder).
- Tax Domiciliation: It is the place of location of the taxpayer in his relations with the Tax Administration (the address where the tax notifications of the administration would be received).
We take care of all procedures. You will not have to worry about anything and you will get a significant saving in the administration of your mail and documentation.
Banking KYC
Banking KYC
To have a company in Andorra it is essential and required to operate with a bank account in one of the five entities from the country. Andorran banks are very strict in their policies due to the crisis of the Andorran Private Bank in 2015, which gave the Principality a very bad image.
That is why they currently implement strong money laundering and terrorist financing prevention policies, and strict "Know Your Customer" KYC protocols, both when becoming customers and when operating and requesting financial services.
At Abast Global we know all the banks first-hand and have contacts with them, thus offering assistance, ease and speed to comply with these KYC protocols. In addition, we carry out compliance reports to prove and certify that the origin of the funds is legal and traceable, something especially important in the case of cryptocurrencies.
In this sense, we help our clients in their relationship with banks, both at a company level and as an individual, providing advice on the procedures and documentation to be provided.
Tax advisor for individuals, human resources
Residence and self-employment
Passive or non-profit residence
Residence and work for others
family reunification
Relocation of workers
Accommodation, housing and premises
Relocation services
Residence and self-employment
Residence and self-employment
To settle in Andorra exercising economic activity in a personal capacity, an Andorran residence and self-employment permit is required. It is an active residence permit and gives the right to reside and work in the Principality under the conditions determined by law. The main requirements to obtain it are to exercise a self-employment (as an entrepreneur or professional) and establish residence in Andorra (reside more than 183 days).
The colloquially known as "residence for entrepreneurs" requires:
- Participation greater than 20% of Andorran society in issue
- Hold a position in the administrative body of the same company
- That the company develop commercial activity
- Deposit a deposit of 50,000 euros to the Andorran Financial Authority (which will be returned when the person ceases to be a resident of Andorra).
At Abast Global we will provide you with the services you need to process the authorization and obtain the residence permit, strictly complying with the requirements and documentation. In addition to great experience in immigration files of all kinds, we have direct contact with the Immigration administrations, we know the entire procedure and we organize the process to do it in the fastest, calmest and safest way.
We also offer the services associated with obtaining the permit (registration with the CASS and other administrations, obtaining the NRT, obtaining electronic certificates, etc. as well as individual tax advisory services. content creators, such as youtubers or streamers, have this type of permission. Also any kind of digital entrepreneur.
Passive or non-profit residence
Passive or non-profit residence
The non-profit residence authorizes to reside in Andorra, but does not authorize work in Andorran territory. However, it is possible to manage personal wealth and obtain returns on capital as a natural person.
The so-called "passive residence" requires:
- That the person reside permanently and effective in the Principality of Andorra for at least 90 days per calendar year.
- That the holder of the Authorization invests, within 6 months of obtaining residence, the amount of €600,000 in Assets in Andorran territory (Real estate, equity investments in Andorran companies, Andorran debt instruments or unpaid AFA deposits).
- Of the €600,000, allocate €47,500 to a non-remunerated Deposit from the Andorran Financial Authority (AFA), as well as an additional €9,500 for each person in charge.
It is the most suitable for retirees, managers and people who work throughout the world in many different jurisdictions. That is why, in this type of residence, correct international tax planning is extremely important in the hands of a good tax advisor.
At Abast Global we not only help you process all the necessary documentation, we also advise you on the possible assets to acquire, their costs, requirements, etc. and we organize the procedure in the fastest, most efficient and calm way possible by having direct contact with all the agents that participate in it.
From obtaining your own permit to contracting compulsory insurance for passive residents, we help you with everything. Our experts will advise and help you in all the conditions, procedures and decisions to follow. Do you want to request this authorization? Contact Andorra Insiders and tell us your situation.
Residence and work for others
Residence and work for others
The authorization of residence and self-employment gives the right to reside and work in the Principality of Andorra, in the conditions determined by the Law.
The main requirements to obtain it are:
- Have an employment contract with an Andorran company
- Fix your residence in Andorra (reside more than 183 days).
However, there are different requirements for a company to grant this type of residence permit, and employment contracts are more complex due to the particular functioning of the Andorran labor market and legislation.
Quotas, salaries, curriculum, social security, salary and working conditions, functions and activities to be carried out, rights and obligations... everything must be analyzed with insight.
It is also interesting to have a good tax and legal advice service to optimize social contributions, salaries and rights in contracts.
At Abast Global we evaluate the fit of hiring foreigners and obtaining their residence permits through this form of live in Andorra, and we provide assistance to optimize human resources at the legal and legislative level. We also provide you with tax advice in this regard.
family reunification
family reunification
The direct relatives of a person who has an active Andorran residence permit can be regrouped under it with the residence permit for family reunification. You can request it in a simplified way:
- The spouse of the original holder
- Your minor children, and the minor children of your spouse
- Their children of legal age and their spouse if they are not independent and studying
- Dependent ascendants over 65 years of age who are retired.
- Others
However, to access this regrouping, the original holder of the permit must prove economic capacity, since those regrouped will be regrouped under their social security and condition.
On the other hand, the regrouping can only be carried out after several months (between 3 and 4) from the time the original holder obtains the residence permit (specifically, from the time he starts contributing to the CASS).
Again, at Abast we offer assistance in all the necessary procedures and documentation depending on nationality and advice on possible unforeseen events that may arise.
In addition, given that this procedure allows you to obtain all the rights of an Andorran resident, it is very interesting to combine it with other legal procedures such as the opening of a Business or the creation of a company already resident in Andorra.
In those cases we would also offer tax advisor services, looking for the best alternative for the client.
Relocation of workers
Relocation of workers
The Principality of Andorra is not part of the European Union, which is certainly a obstacle to the free movement of people, capital and the provision of services for the customs issue.
For this reason, the possibility of obtaining permits to displace workers it exists, and it is habitual, but it requires a bureaucratic procedure and it has a cost that will depend on the worker's stay in Andorran territory.
Under Andorran regulations, it is imperative that the temporary posting of workers to the Principality scrupulously meet all requirements in matters of social security and immigration.
It is common, for example, that Andorran construction companies or developers subcontract to companies resident in Spain or France. For the transfer of workers to Andorra, the Andorran company that subcontracts must request authorization on its behalf, indicating, among other information:
- Identification of Andorran society.
- Identification of the worker.
- Identification of the company for which you work.
- Identification of the project to be carried out.
- Worker's stay in Andorra and accommodation.
The administrative requirements and fees to be paid depend on the stay, and the maximum period that a worker can be posted is 2 years, being able to reach that temporary milestone by linking requests for extensions of 6 months in 6 months. Notwithstanding the foregoing, if it is a relevant project, an extension of the displacement can be requested ad-hoc, being left to the discretion of the immigration authority to grant or deny it.
If you must post your workers, do so with the best guarantees, coverage and in accordance with Andorran regulations to avoid sanctions or reprimands. Do it top notch advice. Can contact us here for it.
Accommodation, housing and premises
Accommodation, housing and premises
To live in Andorra by obtaining the residence obviously needs to have a living place, either purchased or with a lease. In addition, if your activity is on your own and constitutes a company in Andorra, is going to need a local or commercial space, which can be a part of the same house or maybe you need your own office or offices.
In Global Supply we know first-hand both the country and its real estate market, and we collaborate with agents in the sector at all levels. Thus, we can help you get the best real estate services to have the home or premises that best suits your conditions and particular situation.
From simple offices of less than 45 square meters to floors and entire office buildings, and from one-bedroom apartments to authentic luxury mansions in the mountains, including coworking services, the versatility we have is complete.
Relocation services
Relocation services, day-to-day guide
When moving to a different and new country, the points of reference and knowledge, as well as the habits and daily actions change. As Insiders we can provide you information and advice on the most frequent aspects of the Principality's daily life.
Things like where to shop for the week, the best leisure, sports, catering, home furnishings, activities and events in the Principality, family doctor, specialists, clinics, specific goods and services, etc. they are essential and a little help never hurts. That is also the purpose of our articles.
Or also homologate and change your driving license for Andorra, or find a vehicle according to your needs. Or find providers or services of any kind. Anything we can help you with, we provide support.you with personalized services. In the end, we know most of the Andorran industrial and business fabric.